IMF Raises Saudi Arabia’s Growth Forecast, Reflecting Economic Strength

IMF Raises Saudi Arabia's Growth Forecast, Reflecting Economic Strength

Riyadh, The Gulf Observer: The International Monetary Fund (IMF) has once again bolstered its positive assessment of the Saudi Arabian economy, marking the second upward revision in its 2025 growth forecast this year.

According to the Saudi Press Agency (SPA), the IMF’s April “World Economic Outlook” report has revised the expected growth rate for the Kingdom to 6%, up from the previous projection of 5.5% issued in January 2024.

Despite maintaining a stable global growth forecast of 3.2%, the IMF’s latest report positions Saudi Arabia as the second-fastest growing economy in 2025, with only India anticipated to outpace its growth rate at 6.5%.

The report underscores the ongoing strength and resilience of the Saudi economy, highlighting its positive performance amidst global challenges. It particularly acknowledges the Kingdom’s success in diversifying its revenue streams, with non-oil revenue reaching unprecedented levels. These achievements position Saudi Arabia as a leader on both regional and international economic fronts.

The IMF’s upward revision reflects continued confidence and optimism regarding the Kingdom’s economic trajectory, signaling a promising outlook for Saudi Arabia’s future growth and development.